Fresh Del Monte SVP covers taxes with 1,112-share sale
Fresh Del Monte Produce SVP Ziad Nabulsi reported multiple equity transactions.
Rhea-AI Filing Summary
Fresh Del Monte Produce SVP Ziad Nabulsi reported multiple equity transactions. He sold 1,112 Ordinary Shares of FDP on 2026-03-03 in open-market transactions at $42.50 per share, with footnotes stating the sales covered withholding tax obligations on vested Performance Stock Units and Restricted Stock Units.
On 2026-03-02, he exercised 1,160 Restricted Stock Units and 122.7302 Dividend Equivalent Units into Ordinary Shares at no cost, and received new grants of 2,659 Restricted Stock Units and 2,659 Performance Stock Units, all held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Nabulsi Ziad
Role
SVP, North American Operations
Sold
1,112 shs ($47K)
Approx. gross sale proceeds
$47K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 796 | $42.50 | $34K |
| Sale | Ordinary Shares | 316 | $42.50 | $13K |
| Exercise | Dividend Equivalent Units | 122.7302 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,160 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,659 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 2,659 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,160 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 122 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 486.2176 contracts (Direct);
Restricted Stock Units — 6,292 contracts for 3,633 underlying shares (Direct);
Performance Stock Units — 9,301 contracts for 6,642 underlying shares (Direct);
Ordinary Shares — 13,901 shares (Direct)
Footnotes (12)
- F1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") vesting was paid in cash.
- F2. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's Performance Stock Units ("PSUs").
- F3. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs.
- F4. Each DEU represents a contingent right to receive one Ordinary Share of FDP. DEUs are subject to the same restrictions and vesting and/or performance criteria based on the underlying RSUs and/or PSUs to which they relate.
- F5. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F6. These RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vesting occurred on 3/2/2026.
- F7. These RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The vestings will occur on each of 3/3/2026, 3/3/2027 and 3/3/2028.
- F8. These RSUs were awarded on 3/2/2026 and vested in three equal installments over three years. The vestings will occur on each of 3/2/2027, 3/2/2028 and 3/2/2029.
- F9. The PSUs convert to Ordinary Shares on a one-for-one basis.
- F10. The PSUs were awarded on 3/1/2024 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 3/1/2027.
- F11. The PSUs were awarded on 3/3/2025 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2026 3/2/2027 and 3/2/2028.
- F12. The PSUs were awarded on 3/2/2026 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2027, 3/2/2028 and 3/2/2029.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FDP executive Ziad Nabulsi report on this Form 4?
Ziad Nabulsi reported selling 1,112 Ordinary Shares of Fresh Del Monte at $42.50 per share and several equity award activities. These included RSU and PSU vesting, exercise of dividend equivalent units, and new grants of Restricted Stock Units and Performance Stock Units, all held directly.
What equity awards in FDP did Ziad Nabulsi acquire or vest in this period?
He exercised 1,160 Restricted Stock Units and 122.7302 Dividend Equivalent Units into Ordinary Shares at zero exercise price. He also received new grants of 2,659 Restricted Stock Units and 2,659 Performance Stock Units, which convert to Ordinary Shares on a one-for-one basis, subject to vesting and performance conditions.
How do Ziad Nabulsi’s Dividend Equivalent Units and RSUs in FDP work?
Each Dividend Equivalent Unit represents a contingent right to receive one FDP Ordinary Share, mirroring dividends on related RSUs and PSUs. RSUs and PSUs convert to Ordinary Shares on a one-for-one basis and vest in scheduled installments over three years, subject to applicable performance criteria being met.
What performance conditions apply to Ziad Nabulsi’s FDP Performance Stock Units?
His Performance Stock Units are earned only if minimum performance criteria are met. One PSU award granted on March 1, 2024 achieved 100% of its criteria and vests in three annual installments, while later PSU awards vest annually once their respective performance hurdles are satisfied over the specified schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
